The Goldman Sachs Group Issues Positive Forecast for Altria Group (NYSE:MO) Stock Price

Key Points

• The Goldman Sachs Group has raised its price target for Altria Group's stock from $65.00 to $72.00, maintaining a "buy" rating, indicating a potential upside of 9.58%.
• Other firms such as UBS Group and Bank of America have also recently upgraded their ratings and price targets for Altria Group, reflecting positive sentiment across multiple research analysts.
• Altria Group reported a quarterly EPS of $1.44, surpassing expectations, and has set FY 2025 guidance at $5.350-5.450 EPS.

Altria Group (NYSE:MO - Get Free Report) had its price target raised by investment analysts at The Goldman Sachs Group from $65.00 to $72.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 9.58% from the company's current price.

A number of other research firms have also recently commented on MO. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Bank of America boosted their price objective on Altria Group from $64.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Jefferies Financial Group initiated coverage on Altria Group in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Altria Group in a research note on Saturday, September 27th. Finally, Stifel Nicolaus set a $72.00 price target on Altria Group in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.11.

Altria Group Stock Performance

NYSE:MO opened at $65.70 on Wednesday. Altria Group has a fifty-two week low of $48.86 and a fifty-two week high of $68.60. The company has a 50 day simple moving average of $65.19 and a two-hundred day simple moving average of $60.91. The company has a market capitalization of $110.38 billion, a PE ratio of 12.71, a P/E/G ratio of 3.54 and a beta of 0.55.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.21 billion. During the same quarter last year, the firm posted $1.31 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. Research analysts predict that Altria Group will post 5.32 EPS for the current year.

Institutional Trading of Altria Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mattson Financial Services LLC bought a new position in Altria Group in the first quarter worth $25,000. Global X Japan Co. Ltd. bought a new position in Altria Group in the second quarter worth $25,000. Carderock Capital Management Inc. bought a new position in shares of Altria Group during the second quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in shares of Altria Group during the second quarter valued at $27,000. Finally, Country Trust Bank increased its holdings in shares of Altria Group by 400.0% during the second quarter. Country Trust Bank now owns 500 shares of the company's stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.